The sell-off is brutal. The total market capitalization has fallen to about $2.52 trillion, down 6% in a single day, with Bitcoin's price dropping from $892,000 to nearly $745,000.
$BTC's current Bitcoin price hovers around $76,400, while the declines for ETH, XRP, SOL, BNB, and ADA range between 8% to 15%. Market sentiment is straightforward: risk-averse sentiment is high.
The pressure comes from the macro level, rather than the cryptocurrency sector. Concerns about 'high interest rates lasting longer' have resurfaced after Trump nominated Kevin Warsh as the chairman of the Federal Reserve; meanwhile, India's 2026 budget also maintains strict cryptocurrency tax policies. Now, the market's focus turns to this week's U.S. economic data—initial jobless claims and the employment report. If the data weakens, the market may start to anticipate a slowdown in the pace of monetary policy tightening, which could provide a breather for cryptocurrencies.
Technically speaking, the warning still exists.The price of $BTC Bitcoin has broken the weekly 100 moving average support level for the first time in about 840 days, and traders are closely watching the $68,000 to $70,000 area, viewing it as the next major support level. The key point is: the price rebound is unlikely to come from market speculation, but rather from easing macroeconomic conditions and Bitcoin stabilizing above critical levels.
Bitcoin price analysis #
#比特币价格预测 : What is the next move for Bitcoin? #